Oman issues $519.51mln domestic sukuk - ONA

The sukuk have a six-year maturity

  
Islamic finance. Image used for illustrative purpose.

Islamic finance. Image used for illustrative purpose.

Getty Images

DUBAI- Oman has issued local sukuk, or Islamic bonds, worth 200 million rials ($519.51 million) to finance the 2020 state budget, state news agency ONA said on Tuesday.

The sukuk have a six-year maturity and an annual profit rate of 5.25%, the agency said.

($1 = 0.3850 Omani rials)

(Reporting by Dahlia Nehme, writing by Davide Barbuscia Editing by Gareth Jones) ((Davide.Barbuscia@thomsonreuters.com; +971522604297; Reuters Messaging: davide.barbuscia.reuters.com@reuters.net))

More From Currencies